| Property and Equipment |
|
(8)
|
Property and Equipment
|
Property and equipment, net, consists of the following:
|
|
|
March 31, 2015
|
|
|
December 31, 2014
|
|
|
Satellite system
|
|
$
|
2,397,611
|
|
|
$
|
2,397,611
|
|
|
Terrestrial repeater network
|
|
|
109,293
|
|
|
|
108,341
|
|
|
Leasehold improvements
|
|
|
48,801
|
|
|
|
48,677
|
|
|
Broadcast studio equipment
|
|
|
61,568
|
|
|
|
61,306
|
|
|
Capitalized software and hardware
|
|
|
360,252
|
|
|
|
340,738
|
|
|
Satellite telemetry, tracking and control facilities
|
|
|
73,044
|
|
|
|
71,268
|
|
|
Furniture, fixtures, equipment and other
|
|
|
78,316
|
|
|
|
78,237
|
|
|
Land
|
|
|
38,411
|
|
|
|
38,411
|
|
|
Building
|
|
|
59,393
|
|
|
|
59,373
|
|
|
Construction in progress
|
|
|
147,768
|
|
|
|
155,716
|
|
|
Total property and equipment
|
|
|
3,374,457
|
|
|
|
3,359,678
|
|
|
Accumulated depreciation and amortization
|
|
|
(1,896,800
|
)
|
|
|
(1,849,566
|
)
|
|
Property and equipment, net
|
|
$
|
1,477,657
|
|
|
$
|
1,510,112
|
|
|
Construction in progress consists of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2015
|
|
|
December 31, 2014
|
|
|
Satellite system
|
|
$
|
12,912
|
|
|
$
|
12,912
|
|
|
Terrestrial repeater network
|
|
|
44,733
|
|
|
|
48,406
|
|
|
Capitalized software
|
|
|
73,719
|
|
|
|
77,755
|
|
|
Other
|
|
|
16,404
|
|
|
|
16,643
|
|
|
Construction in progress
|
|
$
|
147,768
|
|
|
$
|
155,716
|
|
Depreciation expense on property and equipment was $51,804 and $54,183 for the three months ended March 31, 2015 and 2014, respectively. We retired property and equipment of $4,571 and $3,500 during the three months ended March 31, 2015 and 2014, respectively.
Satellites
We currently own a fleet of nine operating satellites. The chart below provides certain information on these satellites:
|
Satellite Description
|
|
Year Delivered
|
|
|
Estimated End of
Depreciable Life
|
|
|
FM-1*
|
|
|
2000
|
|
|
|
2013
|
|
|
FM-2*
|
|
|
2000
|
|
|
|
2013
|
|
|
FM-3
|
|
|
2000
|
|
|
|
2015
|
|
|
FM-5
|
|
|
2009
|
|
|
|
2024
|
|
|
FM-6
|
|
|
2013
|
|
|
|
2028
|
|
|
XM-1*
|
|
|
2001
|
|
|
|
2013
|
|
|
XM-3
|
|
|
2005
|
|
|
|
2020
|
|
|
XM-4
|
|
|
2006
|
|
|
|
2021
|
|
|
XM-5
|
|
|
2010
|
|
|
|
2025
|
|
* Satellite is fully depreciated and is still in operation.
|